The RMR Group (NASDAQ:RMR) Upgraded by Wall Street Zen to “Hold” Rating

The RMR Group (NASDAQ:RMR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other brokerages have also recently issued reports on RMR. Weiss Ratings reissued a “sell (d+)” rating on shares of The RMR Group in a report on Monday, December 15th. Zacks Research downgraded The RMR Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.00.

The RMR Group Stock Down 1.0%

RMR stock opened at $15.10 on Monday. The stock has a market capitalization of $484.11 million, a PE ratio of 14.38 and a beta of 0.97. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.05. The RMR Group has a 52 week low of $13.48 and a 52 week high of $20.97. The firm has a 50 day moving average of $15.26 and a 200 day moving average of $16.05.

The RMR Group (NASDAQ:RMR) last released its earnings results on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $152.23 million for the quarter, compared to the consensus estimate of $210.10 million. The RMR Group had a return on equity of 4.60% and a net margin of 2.48%. Sell-side analysts forecast that The RMR Group will post 1.51 earnings per share for the current year.

Insider Buying and Selling at The RMR Group

In other news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the stock in a transaction dated Thursday, December 11th. The shares were acquired at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the purchase, the insider directly owned 4,577,835 shares in the company, valued at $39,598,272.75. The trade was a 78.68% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 54.85% of the company’s stock.

Hedge Funds Weigh In On The RMR Group

Institutional investors and hedge funds have recently modified their holdings of the business. Nantahala Capital Management LLC raised its holdings in The RMR Group by 55.9% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock worth $18,768,000 after purchasing an additional 411,700 shares during the period. Bank of America Corp DE increased its position in shares of The RMR Group by 435.7% in the second quarter. Bank of America Corp DE now owns 94,663 shares of the financial services provider’s stock valued at $1,548,000 after buying an additional 76,991 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of The RMR Group during the 1st quarter worth approximately $988,000. Trexquant Investment LP purchased a new position in shares of The RMR Group during the 1st quarter valued at approximately $946,000. Finally, GSA Capital Partners LLP purchased a new position in shares of The RMR Group during the 3rd quarter valued at approximately $801,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.